Health Reimbursement Account (HRA)

An Health Reimbursement Account (HRA) is essentially an employer-funded health insurance product. This account functions like a high deductible plan. Money put in the account is tax-deductible and contributed to by the employer on behalf of their employees. Money from the account can reimburse certain medical expenses, including premiums, deductibles, co-pays, and even prescription drugs for the employee.